- EUR/USD breaks above 1.1263 opening the doors to 1.1274 resistance.
- The level to beat for sellers is 1.1245 followed by 1.1220.
EUR/USD daily chart
EUR/USD is in a bear trend below the 1.1300 handle and its 200-day simple moving averages (DSMAs). The market is trading just above the 100 SMA.
EUR/USD 4-hour chart
EUR/USD is trading above its main SMAs suggesting bullish momentum in the near term. If bears want to retake control they would need a beak below 1.1245 support followed by 1.1220.